Ready to sell. Price adjustment. Commercial retail property featuring 2,300 SF on a highly visible corner lot in the wealthy Cleveland Park neighborhood of Washington, DC. The brand-new property, currently being built, will be completed at the end of September 2023. Located on the main-level unit of a building with 16-foot ceilings, this versatile property can be customized by the buyer and turned into a retail store, office space or restaurant. There is a parking space to load and unload. In addition, the property is next to the Cleveland Park Metro stop, and more developments are underway in this area. This is a low-maintenance and high-income-producing investment. Nearby are numerous trendy shops, CVS, a movie theater, bars, and restaurants. Plus, this area has lots of foot traffic and vehicle traffic from affluent homeowners who live nearby. The average household income of people living within a mile of the property was $160,874 in 2022, with a median home value of $846,606 and a median age of 38. They're educated professionals, too: 82% have a bachelor's degree or advanced degree. Vehicle traffic in the area averaged 110,676 per day in 2022. It is an exciting opportunity to own your own retail for your own business or buy as an investment property in one of Washington, DC's premier neighborhoods!

More Info

Location Information

UsmAreaWashington

Parking

Assigned Parking Spaces
Parking FeaturesPublic
Parking TypesOn Street

Building

Building Area SourceEstimated
Building Area Total2300
Construction MaterialsConcrete
Entry Level1
Garage Spaces
Num Attached Garage Spaces
Num Detached Garage Spaces
Total Garage And Parking Spaces
Year Built2023

Legal

PossessionSettlement
Sale TypeStandard

Other

Sale or LeaseYes
Soil TypesUrban Land Not Rated

Basic Information

Broker NameLong & Foster Real Estate, Inc.
List Price$1,999,000
LocationTypeDowntown
MLS NumberDCDC2095462
MLS Property TypeCommercial Sale
Price Per Square Foot869
StatusACT
Units1

Property

Business TypeBig Box Retail, Hair Salon and Spa, Medical, Other/General Retail, Professional, Religious Facility, Restaurant/Bar, School, Supermarket/Grocery Store
New Construction YNY
Property ConditionExcellent
Property SubTypeRetail
ZoningCOMMERCIAL

Amenities

Accessibility Amenities48"+ Halls, 36"+ wide Halls, Level Entry - Main, No Stairs

Tax Information

Tax Year2023
Total Taxes Payment FrequencyAnnually

Basic Information

Date Listed07/31/2023

Location

Address3408 Connecticut Avenue NW
Building Number3408
CountyWashington
Cross StreetConnecticut Ave NW and Newark St NW
DirectionsFrom Downtown, take Connecticut Ave NW to 3408 on right
In City Limits YNYes
StateDC
TownWashington
Zip20008

Utilities

Central Air YNYes
CoolingCentral A/C
Cooling FuelElectric
Heat SystemHeat Pump(s)
Heating FuelNatural Gas
Heating YNYes
SewerPublic Sewer
UtilitiesElectric Available, Natural Gas Available, Sewer Available, Water Available
Water HeaterNatural Gas
Water SourcePublic

Copyright 2023 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated September 30, 2023. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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